UPI Payment: Now payment will be done through UPI after seeing your face, security will increase, fraud will be curbed.
UPI Biometric Authentication: With the increase in digital payments through UPI, cases of fraud are increasing. In view of the increasing cases, the regulator has made new preparations to curb fraud. For this, work is underway to authenticate UPI transactions with biometrics instead of PIN.
The method of payment through UPI will change
According to a report by Mint, National Payment Corporation of India, or NPCI, the operator of the retail payment system, has prepared major changes to make payments through UPI secure. Biometrics will now be used to verify (authenticate) payments made through UPI. Biometric options like fingerprint or face authentication etc. are under consideration.
NPCI talks going on with many companies
According to the report, NPCI is talking to many startup companies to start biometric facility in UPI. Now most of the phones are coming with features like fingerprint scanner and face recognition. NPCI plans to make transactions and payments through UPI secure by using these features present in smartphones.
These smartphone features will be taken advantage of
For example, users running Android phones will be able to make payments using the finger print sensor. Most Android smartphones come with a fingerprint scanner. Many Android phones are also equipped with the feature of face recognition. Similarly, iPhone users will be able to make UPI payments through Face ID.
Now users need UPI PIN
Currently, PIN is required to make payment through UPI. Users create a 4 or 6 digit PIN, with the help of which the transaction is authenticated. To do transactions through all UPI payment apps including Google Pay, Phone Pay and Paytm, that 4 or 6 digit PIN is required for authentication. After the change, fingerprint or face recognition can be used instead of PIN. This will make UPI payment easier and more secure than now.
